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Archive for March, 2008

Slow Going

March 31st, 2008 at 04:53 am

I haven't posted much lately, but I am here reading pretty much every day! I am still taking my lunches to work, and still writing down everything I spend money on daily.

Like a lot of others here, I'm looking back at the past month's spending and seeing how I did. I'm happy to report 7 no-spend days in March! I'm encouraged when I look at my savings totals slowly going up, and when I look at the balance in my newly-established Vanguard account after only two pay periods of contributing. But the debt is going down SO slowly! I got popped with some overlimit fees last month that showed up on this month's statements, and that really discouraged me. I've made several very large payments on my cards this year, and it doesn't seem like it when you look at what I still owe ... because the interest just keeps building and it seems like I am taking 10 steps forward and 9 steps backward. It's going to be a long trek at this pace!! But I know slow and steady progress will get me where I want to be.

I know that as I get a couple of the smaller cards paid off and start putting those monthly amounts towards other cards, I will be able to see more of a difference. It's just discouraging right now. At least the weight loss is going well ... only a little over 4 lbs. to go until I reach my goal, woo-hoo!!

What Our Government Spends on INTEREST

March 29th, 2008 at 02:59 pm

Thanks to rduell for posting the link to Maxed Out yesterday. I just finished watching it, and WOW! I imagine it has a profound effect on anyone who sees it. I think I will send the link to my son (who is going off to college in the fall). It was so sad to see the loved ones of the several people who saw no other way out of debt but to kill themselves. Just heartbreaking. And so preventable!!

One statement in the film made my jaw drop to the ground: The U.S. Government spends more on interest than on homeland security, education, and healthcare combined. Absolutely staggering. And it scares me to death!

Very powerful film.

My Credit is Frozen!!!

March 6th, 2008 at 03:37 am

Because I put my credit cards in a ziplock bag of water and froze them!! Smile It's something I've been meaning to do for awhile, actually ... finally just DID IT.

Thank you, Ima Saver, for sending me the $25 bonus certificate for opening an account at ING!! I got it last week and opened the account with $500 of my EF; there's another week to go before those funds are available for withdrawal, so I will wait until that time to transfer the remaining $1,000 and close the account at my brick & mortar bank. (I felt nervous opening the account w/the entire amount, just in case I needed to get to the cash.)

Last but not least, I already have two no-spend days this month, woo-hoo!!